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shoot me a PM if you like. I have worked with them on a big value add project in a major market and can give you some info on the team if you are dealing with the same people. they have an enormous cash fund which they can use to fund everything from buying deals to funding buildouts, etc. so from a capital standpoint they are very well positioned. but they are extremelyyyyy deliberate and take a long time to pull the trigger and actually execute a decision.
^This. A coworker came from RREEF and said their investment committee is tough - too many voters and many are looking to "earn their place" by coming up with reasons not to do the deal
Thanks for the input, very helpful. Ricky – will PM you later, thanks for offering. Prospie – out of curiosity, what do you mean? Lol..
I’m currently in an MSRE program, and have been doing research on groups focused in a few specific areas that interest me, so I will prob try and hit someone in this group up to learn more.
This may be a dumb question, but I was wondering how this branch (or a similar arm of JP Morgan, BoA, or idk…PNC) differs from a private equity fund? Are they essentially investing clients’ equity into these deals, or the banks’ (as an entity) cash into the deals? Or would they be labeled as an “asset/investment manager.”
Thoughts on RREEF Alternatives & Real Estate Private Equity (Originally Posted: 02/10/2013)
I'm having trouble finding information related to DB's RREEF Real Estate Private equity arm. I know they're doing primary investments which is appealing, but it seems like they pared down action while they were mulling a sale of the business, and are now getting ready to ramp up deal flow. Is this the case? Would this be a good place to start as an analyst in Real Estate or Infrastructure?
RREEF once had a giant real estate investment platform that controlled multiple discretionary commingled funds, sponsored a few REITs, and managed separate account money. As you've noted, DB has gone back and forth on what it wants to do with the business. DB has seemingly made little investment to grow the business and retain talent since the recession. In 2012, it was widely reported that RREEF was going to be sold to Guggenheim, but the transaction fell through and DB claimed it had "decided" to keep RREEF. It seems they may be trying to ramp up their separate accounts business, but I think they'll have a tough time restarting their fund business in the near future (raising money in this climate is hard enough without the overhang of a failed sale and a non-committal parent bank).
To answer your specific question, RREEF is a well-known name and a large institutional platform--two things that tend to be positive factors for an analyst program. There are not many institutional analyst programs in the real estate space, so you may want to take a position. On the other hand, it seems to be a listing ship. I would say you're better off going through a Wall Street investment banking program in the real estate group or to a stronger fund platform, but outside of those options RREEF's not a terrible option.
Thanks for the post, I've definitely heard all those things and good to hear somebody confirm on this forum.
I know they're reinvesting as of a few days ago.
However starting the fund back up will be difficult as you mentioned. I know this is a RE forum, but do you have anything to say about Infrastructure vs RE, which is stronger at RREEF now.
I have always thought of RREEF as more of a real estate shop than an infrastructure shop (Macquarie, on the other hand, is more infra than RE).
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